Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial SystemPosted: 01 Jul 2015 09:00 PM PDTThe debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses. This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s 73 billion dollar debt is “not payable,” and a special adviser that was recently appointed to help straighten out the island’s finances said that it is “insolvent” and will totally run out of cash very shortly. At this point, Puerto Rico’s debt is approximately 15 times larger than the per capita median debt of the 50 U.S. states. Yes, the Greek debt crisis is larger, as Greece currently owes about $350 billion to the rest of the planet. But only about $14 billion of that total is owed to U.S. financial institutions. But with Puerto Rico, things are very different. Just about the entire 73 billion dollar debt is owed to U.S. financial institutions, and this could potentially cause massive problems for some extremely leveraged Wall Street firms.

EU Parliament President Tells Greece:Time For Another Puppet GovernmentPosted: 01 Jul 2015 09:00 PM PDTEuropean Parliament president Martin Schulz said his faith in the Greek government had reached "rock bottom," and, as AFP reports, that he hopes it resigns after Sunday's referendum. Luckily, he has an idea for a solution... the time between the departure of Tsipras' hard-left Syriza party and new elections would have to "be bridged with a technocratic government, so that we can continue to negotiate."

Mentally Ill Shot to Death in U.S. in 2015: 124 and CountingPosted: 01 Jul 2015 09:00 PM PDTPolice in the United States have fatally shot 124 mentally ill people so far this year, according toThe Washington Post. The Post found that the vast majority of the 124 were armed, but in most cases, the officers weren’t responding to reports of a crime, but to calls from relatives, neighbors or others who said a mentally fragile person was behaving erratically, including 50 victims who said they wanted to kill themselves. And many of those who were armed didn’t have firearms, but toy guns, knives or other implements that are less lethal than a gun.

Journalists appear in newly released Clinton emailsPosted: 01 Jul 2015 09:00 PM PDTBuzzFeed editor-in-chief Ben Smith and former New York Times correspondent Les Gelb both make a brief appearance in the newly released trove of messages, as the two reporters apparently discussed Clinton-related story ideas with various members of her team. The emails, which cover only the former secretary of state's first year at Foggy Bottom, raise questions about how much input Clinton's people had in the press' coverage of her early days as America's top diplomat. In one of the correspondences released Tuesday evening, Smith, who was reporting for Politico at the time, discusses possible story ideas with Tommy Vietor, the former spokesman for President Obama's National Security Council

NSA Again Given Go-Ahead for Mass Phone Data CollectionPosted: 01 Jul 2015 09:00 PM PDTThe National Security Agency (NSA) is back in the business of bulk collection of phone data after a ruling from the Foreign Intelligence Surveillance Court (FISC). The NSA’s authority to gather Americans’ phone call information expired on June 1 when Congress did not reauthorize Section 215 of the Patriot Act. But the next day, lawmakers passed the USA Freedom Act, which granted the NSA six months of authority to collect the data while it transitions to another surveillance program. Shortly thereafter, the Obama administration petitioned the FISC to allow it to restart data collection.

Federal Judge of 17 Years Repents – Compares Damage Done by “War on Drugs” to Destruction of World War IIPosted: 01 Jul 2015 09:00 PM PDTThe “war on drugs” is one of the most irrational, idiotic and destructive public policy failures in American history, and that’s saying a lot. I’ve covered this topic many times at Liberty Blitzkrieg, but nothing spells it out like the repentant words of a former federal judge, who admittedly ruined countless lives for no reason.

Oklahoma Supreme Court Gives Homeowners Go-Ahead to Sue Oil Companies over Fracking EarthquakesPosted: 01 Jul 2015 09:00 PM PDTThose whose property was damaged in earthquakes caused by fracking can now sue oil companies in Oklahoma, according to the state Supreme Court. In a 7-0 ruling, the Oklahoma Supreme Court cleared the way for two lawsuits filed against New Dominion LLC of Tulsa and Spess Oil Co. of Cleveland, Oklahoma. Both companies operate fracking wells that were blamed for numerous earthquakes in Prague, a small town east of Oklahoma City, and other areas.

FBI EXPLOITS BASELESS 4TH OF JULY TERROR THREAT TO ESTABLISH “COMMAND CENTERS”Posted: 01 Jul 2015 09:00 PM PDTAlthough the government admits it has absolutely no credible evidence that ISIS or anybody else plans to attack the United States over the 4th of July holiday, the FBI has moved to establish command centers around the United States.

Texas Attorney General Ken Paxton is facing first-degree felony securities fraud chargesPosted: 01 Jul 2015 09:00 PM PDT. "For Texas’ top lawman, what started out as a simple admission of a civil violation could now turn into a major crime."

UFC Prez Asks Fighters Not to Talk About Jesus After FightsPosted: 01 Jul 2015 09:00 PM PDTPresident of Ultimate Fighting Championship Dana White is telling fighters to be silent about their Christian faith instead of talking about Jesus after winning bouts. Wearing a white head band boldly embroidered with John 3:16, fighter Yoel Romero was interviewed after he beat Lyoto Machida Saturday night by Fox Sports. Struggling with his English, Romero asked why America would turn their backs on Jesus Christ. “Wake up, U.S.A. Go for Jesus. No forget Jesus, people,” he said.

US military morale is reportedly at ‘rock bottom’ againPosted: 01 Jul 2015 09:00 PM PDTSince 2009, $287 million has been spent on programs aimed at improving morale within the US military, which has shouldered two major overseas combat deployments over the past decade. But these efforts may have been largely fruitless, as 52% of soldiers across all branches remain “pessimistic about their future in the military,” according to an April USA Today report.